A major benefit of effective budgeting is that OA) it provides benchmarks to evaluate subsequent performance OB) it compels managers to think ahead OC) it aids managers in communicating objectives to employees D) all of the above Fixed overhead costs that will continue regardless of a make-or-buy decision are to the make-or-buy decision. A) incremental B) avoidable C) relevant D) irrelevant Future costs are relevant in decision making when they OA) are not based on estimates B) differ between alternative courses of action C) exceed future revenues D) are the same between alternative courses of action Melissa Company produces and sells a product that has variable costs of $8 per unit and fixed costs of $240,000 per year. If 20,000 units are produced and sold in a year, what is the total costs? OA) $400,000 B) $100,000 OC) $160,000 OD) $240,000 Under absorption costing, all ___ costs are product or inventoriable costs. A) direct and indirect manufacturing B) indirect manufacturing C) selling and administrative D) direct manufacturing